Morning Wire “The War on Farmers” | 8.2.22
Aug 2, 2022
Farmers across Europe and North America are rising up against strict climate regulations, fearing for their livelihoods and warning of potential food shortages. The discussions also cover a new tax-and-spend bill aiming to reduce inflation, backed by Senator Joe Manchin. Additionally, a significant lawsuit is examined, involving allegations against Visa related to child pornography and their ties with MindGeek, raising questions about accountability and the financial services sector.
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Global Farmer Protests
- Dutch farmers protested new climate laws requiring livestock and fertilizer reductions.
- Similar protests arose in other European countries and Canada over comparable policies.
Connecting Theme of Protests
- Protests share a message: farmers shouldn't bear the brunt of climate policies.
- Examples include protests in Spain against new taxes and EU policies, and Irish protests against emission reduction targets.
Canadian Farmer Protests
- Canadian farmers protested proposals to cut fertilizer use by 30%.
- This is estimated to cause a $48 billion income loss, mainly impacting small farms.